Score
GlobTFX
https://h5.gtfxx.com
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Licensed Entity:WEALTH ENGINE FX PTY LTD
License No. 001312514
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
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Company Summary
GlobTFX Information
GlobTFX is a regulated brokerage company registered in the United States.

Is GlobTFX Legit?
|  | Australia Securities & Investment Commission(ASIC) | 
| Current Status | Regulated | 
| Regulated by | Australia | 
| License Type | Appointed Representative(AR) | 
| License No. | 001312514 | 
| Licensed Institution | GLOBTFX PTY LTD | 
GlobTFX is authorized and regulated by the Australia Securities & Investment Commission(ASIC). The regulated status is safer than the unregulated one.

Keywords
- Scam Brokers
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News

Exposure Arab Trading Market Stunned by this Scam! Know about it & Beware
On February 2, 2025, the Arab world witnessed a resounding shock after complaints began to escalate against GlobTFX, a platform that claimed to offer traders "lucrative" investment opportunities but was hiding behind it the largest scams in the Arab trading market.

Exposure Exposing the Truth: What Happened with the Losses of Thousands of Dollars on the GlobTFX Platform?
The facts are clear and undeniably shocking—GlobTFX has caused significant financial losses to well-known traders in the Arab world. Eighteen victims have confirmed a total loss exceeding $22,372! But this is just the tip of the iceberg…

Exposure 81 USDT Lost! Another Complaint Against GlobTFX
In today's world, people easily get attracted to the forex market, eager to invest their money and earn profit. In their excitement, they become victims and lose money. Recently, a user filed a complaint with WikiFX after losing 81 USDT while investing in GlobTFX.

Exposure GlobTFX Users Report Same Issue! But Why?
Many clients of GlobTFX are facing logging in and closing deals issues that lead them to significant losses. Please be aware that this is not the first complaint we have received. In recent days, many complaints have been received regarding GlobTFX, and we noticed most of the clients are raising the same issue.

Exposure Danger Alert: Moroccan Trader Losing Money Due to GlobTFX Platform Crash!
In another incident confirming the suspicious practices of the GlobTFX platform, a trader from Morocco lost $89 while executing a financial trade due to a sudden technical failure on the platform.

Exposure "I can't log in or withdraw funds"- Victim Said
PAY ATTENTION! In this article, you will learn about an unfortunate incident that happened with a guy who invested his money in GlobTFX and, in the end, became a victim. Let's see how it happened to him all of a sudden and take a warning to avoid engaging with GlobTFX.
Wiki Q&A
What trading platforms does GlobTFX offer?
GlobTFX offers the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both of these platforms are popular among traders due to their user-friendly interfaces and robust features. MT4 is known for its simplicity and is ideal for forex trading, while MT5 offers advanced charting tools and the ability to trade a wider range of assets, including stocks and futures. In my view, having both MT4 and MT5 available gives traders the flexibility to choose the platform that best suits their needs. Personally, I prefer MT5 for its enhanced functionality, but MT4 remains a solid option for traders who are just getting started.
What are the advantages of trading with GlobTFX?
GlobTFX’s regulation by ASIC is one of its primary advantages, as it ensures that the broker operates under strict standards of transparency and fairness. This reduces the risk of fraud and provides an added layer of security to traders. Additionally, GlobTFX offers access to a wide variety of trading instruments, including forex, commodities, and indices, which allows traders to diversify their portfolios. High leverage up to 1:500 is another key advantage, as it enables traders to amplify their positions. From my perspective, the combination of strong regulation and diverse trading options makes GlobTFX an appealing choice for many traders.
What types of accounts can I open with GlobTFX?
GlobTFX offers a variety of account types, but the specific details of these accounts are not clearly listed on the website. From my experience, brokers typically offer accounts such as standard, ECN, or premium accounts, each with varying features like different spreads, commissions, and leverage. I recommend reaching out to GlobTFX customer support to clarify the types of accounts available and to ensure that you choose the one that best suits your trading style and needs. The right account type is essential for optimizing your trading experience.
What trading instruments can I access with GlobTFX?
GlobTFX provides a broad range of trading instruments, including forex, commodities, indices, and cryptocurrencies. This selection allows traders to diversify their portfolios and take advantage of various markets. Personally, I like the ability to trade different assets because it provides more opportunities to capitalize on market movements. Whether you are interested in forex, commodities like gold and oil, or digital currencies, GlobTFX offers a variety of instruments that can suit different trading strategies.
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FX7235108920
Morocco
Hello, Globftx has changed its name to Wealth Engine and also launched Wheoo, both of which are platforms based on fraud and scams. Wealthengine, despite using a Ponzi scheme, is still operating, while Wheoo is also produced by the same scammers who have not yet been apprehended by legal authorities. Wheoo they convince their clients that they have made profits from the deals and signals provided, but these are merely fictitious figures within the app. When the client attempts to withdraw the generated profits and capital, they find themselves unable to access their funds as their account is zeroed out and all data is altered. It pains me to see that they continue to deceive individuals and are still active on Telegram, which is why I feel compelled to share this warning to prevent others from falling victim like my friends and I did.
Exposure
Bgd Ourika
Morocco
成功进行了欺诈行为,平台无故再次清零了账户
Exposure
FX3577313602
Pakistan
he done scam and all funds are freez he ask to members deposit more funds
Exposure
FX1046353937
Algeria
User accounts have been reset under the pretext of hacking.
Exposure
Timocha
Algeria
Unfortunately, for the second time, they have cheated and frozen my balance. Please look into this matter as soon as possible. Where is the honesty and credibility?
Exposure
FX8771145292
Algeria
The broker named Wealth Engine, formerly known as Globtfx, deceived us and closed the withdrawal. When I checked the account, I found it to be zero.
Exposure
SM147258
Algeria
Scam, fraud, and account liquidation
Exposure
Cho Cho
Algeria
My account has been frozen by these scammers. Please look into the matter.
Exposure
FX3674437290
Algeria
They closed the withdrawal, claiming that the withdrawal system was broken.
Exposure
FX2610951052
Morocco
This platform is considered one of the best platforms I have traded on, and it will have a bright future, God willing. I recommend joining and trying it out.
Positive
FX3899479932
Brazil
Good platform, fast speed, good service. They returned 50% of the money.
Positive
FX3504179084
Algeria
A very reliable platform, compensation has been made, I wish it success and continuity
Positive
FX8996287102
Algeria
Thank you for the compensation, best platform
Positive
FX3479348134
Algeria
A great trading platform that has compensated all my friends
Positive
FX3827109787
Algeria
A great platform and we have been compensated for us
Positive
FX3407783411
Morocco
Wealth engine is the best platform, I have investing in this platform and I trust it , the loss of 2February the platform has compensated us the loss ,and this platform is known of its popularity and trust.
Positive
FX3480342222
Algeria
Best trading platform Trust and security
Positive
FX1817801901
Algeria
This platform is considered one of the best platforms I have traded on. It will have a promising future, insha'Allah. I recommend joining and trying it out. 🤝🥀😀😀
Positive
FX3095204072
Morocco
Complete loss in platform downtime
Exposure
FX1172658419
Algeria
I have been scammed and lost $85.
Exposure